2012 Evaluative Data & ROI Report (Spring)

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Return on Investment

The ICT six college program (seven degree/certificate) review’s costs are as follows:

Expense/In-Kind

$600

7 stipends/mileage  paid for the industry professional three hour sessions

$157

Food/beverages (meals w/meeting)

$600

Facilities hosted at Bellevue College *

$800

Personnel costs facilitating five sessions, researching/writing two reports

$25

Printing

$2,182

* denotes in-kind

If each college had done an independent ICT review for a program degree or certificate, it would have entailed the minimum following hours per task (does not include the mentoring, advice to continue through 2012):

2 hours to meet with and understand client needs

24 hours to develop a process, including reviewing the current program

8 hours to recruit, outline expectations, and confirm for the review a minimum of four ICT professionals

5 hours to prepare, facilitate review, and ensure payment to ICT industry professionals

8 hours to transcribe ICT review team recommendations, verify validity of recommendations, research workforce demand, and prepare report

3 hours to follow up, vet the report, create an evaluative process, and communicate/follow-up with the college and ICT industry professionals

50 hours at $150*  per hour = $7,500

* Due to economic changes, the Center believes the $150 per hour rate is a 2012 reality.

X 2 colleges = $15,000

* 85% cost savings for the taxpayer, or $12,818.  This does not include the changes the colleges might make if they implement the recommendations and increase a) enrollments; b) student satisfaction; c) increased employment and/or articulation.  This will be assessed in 2012-13.